India, Aug. 12 -- NVIDIA and AMD reportedly secured export licenses last Friday to sell their H20 and MI308 chips in China-but at a steep price. According to the Financial Times, the chipmakers have agreed to share 15% of their China revenues as a condition for the approvals.

The report suggest that this marks the first time a U.S. company has accepted revenue-sharing in exchange for export licenses-a move in line with Trump's playbook of pressuring firms into concessions, such as domestic investments, to fend off tariffs and boost U.S. jobs and revenue.

The Financial Times also highlights that the U.S. granted these licenses just two days after NVIDIA CEO Jensen Huang met with President Trump, with AMD's China-bound chip exports approv...